Charter Hall’s PFA fund sells UNSW Kensington for $80 million

read-time1 mins
by Charter Hall

To access this part of the website, please select your country of residence from the following list.

The country of my primary residence is:

Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Province and postcode for your primary residential address within Australia or New Zealand.

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Province and postcode for your primary residential address within Australia or New Zealand.

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:

  • you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
  • you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
  • the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.

I agree to the above terms Yes or No.

Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.

Contact Us

Charter Hall Group (Charter Hall or the Group) is pleased to announce that its Direct PFA fund has divested its leasehold interest in UNSW Kensington for a total consideration of $80 million.

Located at 221-227 Anzac Parade in Kensington, the asset is a purpose-built and administration facility leased by the University of New South Wales, with nine years remaining on the existing lease.

Charter Hall Direct CEO, Steven Bennett, said, “This divestment is in line with our portfolio curation strategy, and demonstrates our commitment to transacting with financial discipline and acting in the best interest of our investors.”

In line with its product disclosure statement, PFA offers investors liquidity windows every five years. PFA accepted all redemption requests received in response to its most recent liquidity event and will meet those requests in full in an orderly and progressive manner.

The transaction was brokered off-market by Peter Court and Mike Walsh at Cushman & Wakefield.